Kudlow’s Money Politics

Frum’s Attack

An important piece from U.S. News & World Report’s James Pethokoukis.

David Frum’s Weird Attack on Larry Kudlow

October 15, 2008 10:28 AM ET

This following quote will surely make David “Axis of Evil” Frum shake his head in disbelief. “When it comes to the conservative base and economics,” a White House political adviser told me recently, “the only two things that matter are the [Wall Street] Journal’s editorial page and Larry Kudlow.”

Frum, a conservative pundit and former Bush speechwriter, has leveled some pretty biting criticism at Kudlow (and like-thinking economic conservatives), without mentioning him by name. In a recent piece of commentary that basically adopts Barack Obama’s stagnant-wages-and-rising-income-inequality critique of Bushonomics, Frum writes the following: “Even before the Wall Street crisis, the American economy had underperformed from the point of view of the average worker. While national output rose strongly, most of the gains went to the top five percent of households. Most Republicans have been unprepared to even acknowledge these facts, much less explain them. They insisted that the Bush economy was ‘the greatest story never told.’”

“The greatest story never told.” It’s a fun catchphrase that I’ve heard Kudlow repeat on his CNBC show time and time again during 2006 and 2007. (Full disclosure: I am a frequent guest on Kudlow & Co. and a CNBC contributor.) Indeed, if you do a Google search on “greatest story never told” and “Bush economy,” the first thing that comes up is an article written by Kudlow for National Review Online. If you attack that idea, it’s clearly an attack on the expertise of America’s leading conservative economic commentator.

It’s also an attack on supply-side economics and the tax cuts of 2001 and 2003….

Click here to continue reading.

Most Popular

History

Thanksgiving Is Not a Lie

We live in a time of heedless iconoclasm, and so one of the country’s oldest traditions is under assault. Thanksgiving is increasingly portrayed as, at best, based on falsehoods and, at worst, a whitewash of genocide against Native Americans. The New York Times ran a piece the other day titled, “The ... Read More
History

Thanksgiving Is Not a Lie

We live in a time of heedless iconoclasm, and so one of the country’s oldest traditions is under assault. Thanksgiving is increasingly portrayed as, at best, based on falsehoods and, at worst, a whitewash of genocide against Native Americans. The New York Times ran a piece the other day titled, “The ... Read More
Culture

On Being Grateful

My mother always enjoyed making Thanksgiving dinner. She took a traditional Southern woman’s pride in being a good cook, following her mother’s recipes, and my family made a rare display of kindness by declining to inform her that she was a fairly dreadful cook, one whose kitchen alchemy on the electric range ... Read More
Culture

On Being Grateful

My mother always enjoyed making Thanksgiving dinner. She took a traditional Southern woman’s pride in being a good cook, following her mother’s recipes, and my family made a rare display of kindness by declining to inform her that she was a fairly dreadful cook, one whose kitchen alchemy on the electric range ... Read More
Film & TV

Hillbilly Elegy: Ron Howard’s Inverted Mayberry

Hollywood knows two registers when it comes to the white working class (WWC): sentimentalizing and condescending. WWCs are either cute, neighborly, and folksy, or they constitute a tawdry, alien life form. There are 130 million WWCs in our country, and yet nobody in Hollywood has the slightest grasp of them. With ... Read More
Film & TV

Hillbilly Elegy: Ron Howard’s Inverted Mayberry

Hollywood knows two registers when it comes to the white working class (WWC): sentimentalizing and condescending. WWCs are either cute, neighborly, and folksy, or they constitute a tawdry, alien life form. There are 130 million WWCs in our country, and yet nobody in Hollywood has the slightest grasp of them. With ... Read More
U.S.

Gratitude: What We Owe to Our Country

Editor’s Note: The following essay by National Review founder William F. Buckley comes from the first chapter of his 1990 book, Gratitude: Reflections on What We Owe to Our Country. I have always thought Anatole France’s story of the juggler to be one of enduring moral resonance. This is the arresting and ... Read More
U.S.

Gratitude: What We Owe to Our Country

Editor’s Note: The following essay by National Review founder William F. Buckley comes from the first chapter of his 1990 book, Gratitude: Reflections on What We Owe to Our Country. I have always thought Anatole France’s story of the juggler to be one of enduring moral resonance. This is the arresting and ... Read More
U.S.

Raise the Entrance Fees for Our National Parks

In my role as your go-to purveyor of unpopular opinions, I offer this: We should jack up the entrance fees for our national parks — a lot. One of the many disappointments of the Trump administration is that in spite of his DGAF posturing, Donald Trump has always been a slave to public opinion, which made his ... Read More
U.S.

Raise the Entrance Fees for Our National Parks

In my role as your go-to purveyor of unpopular opinions, I offer this: We should jack up the entrance fees for our national parks — a lot. One of the many disappointments of the Trump administration is that in spite of his DGAF posturing, Donald Trump has always been a slave to public opinion, which made his ... Read More